WTW launches Neuron platform

WTW has launched a new trading solution designed to connect commercial insurance underwriters and brokers.

It is hoped that the ‘many-to-many’ digital platform will improve the performance of today’s fragmented market by offering a fast-track route to trade more easily and at lower cost.
Neuron has the capability to connect multiple broker and insurer systems, enabling risks to flow at scale and with common data standards, across multiple lines of business.

“At its core Neuron is a simple solution, a data pathway that can digitally connect any broker with any underwriter, getting them into the market quickly and cost effectively,” said Louise Smith, global leader of Neuron, WTW. "Neuron offers unprecedented levels of automation, governance and transparency, giving the user complete control, flexibility and confidence in how they use Neuron alongside their own underwriting and pricing tools when conducting business from start to finish.”

Taffy Jo Mayers, global proposition leader, Commercial and Specialty, WTW, added: “At WTW, we are creating complementary and transformative technologies through our broking and consulting businesses, which we believe will be the standard for the connected ecosystems required to unlock future innovative risk solutions, trading and underwriting. Neuron is integral to these wider investments, creating a new benchmark in speed, agility, accessibility and ease of use that will help brokers and underwriters adapt to competitive and quickly evolving insurance markets worldwide.”

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